Debate

Improving Manufacturing Performance In South Africa: A RejoinderTrevor Bell, 43
TREVOR BELL argues that Kaplan and Lewis have missed the point of his earlier argument and have misinterpreted it. He clarifies his critique of the ISP Report before turning to the issue of industrial restructuring. In contrast to the ISP’s ‘technology-driven’ view of South African development, Bell contends that industrial strategy needs to be articulated within a context in which the balance of payments is recognised as the main constraint on faster growth.

Productivity, Trade And Employment: A Contribution To The Bell-ISP DebateImraan Valodia, 57
There is little theoretical or empirical evidence, IMRAAN VALODIA demonstrates, to support the ISP view that exports will lead to productivity improvements in South African manufacturing. Furthermore, the ISP has failed to recognise that its proposals to improve productivity, however important, could lead to a substantial increase in unemployment in the short and medium term.